Wedoany.com Report-Nov 1, The Government of Kenya in partnership with the Global Green Growth Institute (GGGI) have launched a one-year project to catalyze investment into green hydrogen to support Kenya’s transition to sustainable energy and green growth.
The project, “Creating an Enabling Environment to Catalyze Green Investment into Green Hydrogen Industry in Kenya” seeks to establish an enabling environment for the uptake of green hydrogen and to operationalize Kenya’s Green Hydrogen Strategy and Roadmap. It is an ambitious plan to tap into Kenya’s abundant renewable energy sources, enhance agricultural production, industrialization, and decarbonization, and fuel the country’s green growth.
The project, funded by Korea Green New Deal Fund (KGNDF) at a tune of USD200,000, will be jointly implemented by GGGI and the Government of Kenya until August 2025. It is designed to support the operationalization of the country’s Green Hydrogen Strategy and Roadmap by identifying investment and funding opportunities and attracting investors by enabling a conducive policy environment that supports investments into the sector. Additionally, this project will promote capacity building of key stakeholders to ensure they are well-equipped to facilitate the flow of investment into green hydrogen. Within the time of its implementation, the project is expected to lead efforts for mobilizing up to USD 200 million in investment to fund Kenya’s green hydrogen plan.
“Green Hydrogen represents not just a clean source of energy, but a transformative opportunity to power Kenya’s ambitious plan to achieve a green and sustainable future, drive industrialization, enhance productivity, create green jobs, and build a robust economy. By harnessing the opportunities presented, we will accelerate Kenya’s economic transition, paving the way to a sustainable, low-carbon, and prosperous future,” said Eng. Kihara Mungai, Deputy Director at Kenya Energy and Petroleum Regulatory Authority (EPRA).
“Investing in green energy presents not only an opportunity for environmental sustainability and green investment but can also stimulate carbon investment and trading mechanisms. We are proud to be partnering with the Government of Kenya to explore and unlock investment for green hydrogen and drive innovation. The transition to clean energy is a bold action for our planet, our people, and the economy and we salute the efforts undertaken by Kenya and other countries in this direction,” noted Dr. Malle Fofana, Regional Director for Africa at GGGI.
With vast untapped renewable energy potential, Kenya already boasts around 90% of its electricity coming from renewable sources. Green hydrogen provides another significant avenue to capitalize on this clean energy potential. The project will seek to leverage Kenya’s position and support its efforts to tap into green hydrogen industry to drive green economic growth, contribute to the country’s socio-economic transformation, and support the country’s efforts to tackle the impacts of climate change.
GGGI is implementing green hydrogen initiatives in Indonesia, Morrocco, Nepal, India, and now, Kenya, to support the green energy transition.
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